Tesla and Stocktwits Sentiment Data

The Tale of the Tape

Good Evening Folks. 

Despite coronavirus concerns, stocks continue to make new highs. The S&P 500 and the Nasdaq closed at record levels, while small-cap Russell 2k and the Dow are playing catch up. 

Hype stocks like Tesla and Virgin Galactic joined the party of new highs and the solar industry soared. 

Two days ago, Apple warned on revenue and raised China virus concerns but, oh, wait, lol… the stock is ramping again. 

The most hated bull market of all time rips higher. Here are the closing numbers:

S&P 5003,386+0.47%
Russell 20001,692+0.54%
Dow Jones29,348+0.40%


Solar stocks were lit today. Enphase Energy led the group, +42%, on reports of an earnings beat and strong guidance. 

Here’s a breakdown of some solar names sorted by market cap… 

And let’s not forget Solar relative to Oil…

Here’s the 3-year performance of the two:

For solar investors, the future could be bright. 😎

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Tesla and Stocktwits Sentiment Data

We collect a lot of relevant investor data. So far today, for example, over 7,500 Stocktwits users have entered their sentiment on Tesla stock alone – 73% bullish, 27% bearish, up 4% from yesterday.

The stock roared to new highs today but here’s the thing – Tesla sentiment is nowhere near its highest bullish/bearish ratio which came in at 84% bullish to 16% bearish on December 12.

This is a pretty big divergence especially considering that the stock is up 155% since then but sentiment is not as bullish.

Make of this what you will.

Here’s a chart showing price and Stocktwits Sentiment Data for Tesla since mid-October 2019. 

CNN Fear and Greed

The S&P 500 closed at an all-time high today and CNN’s Fear and Greed Index is “Neutral”. 

Over the last month, the Index has moved from “Extreme Greed” to “Neutral”, meanwhile stocks continue to rise. 

Here’s how the major indices have performed in the last month:

S&P 500 +1.71%

Nasdaq +4.56%

Russell 2000 -0.40%

Dow Jones +0.00%

We closed at all-time highs today on the S&P 500 and Nasdaq and sentiment on CNN is neutral. Our guess is the coronavirus news media fear machine is muting the positive sentiment that would normally be associated with new highs. 

Sounds ridiculous, but this is kinda bullish. 

This dovetails well with the Stocktwits Sentiment Data on $TSLA discussed above.

La-Z-Boy is up 6000% from its 2009 lows

It’s been 11 years since The Meltdown in Home Furnishings. La-Z-Boy ($LZB) traded down from the 2002 high of $31 to $1.22. 

In the 11 years since, $LZB stock is up 6000% from the lows and closed today at $32 and change. What a round trip and what a winner.

Speaking of La-Z-Boy, this is also from 2009…

It seems this guy built a motorized La-Z-Boy lounge chair, got drunk, drove it down the road and got a DWI. The police seized the chair, listed it for auction, got huge bids on eBay and then… Just go read the story, its bonkers…

La-Z-Boy Kills Motorized ‘La-Z-Boy’ Auction

Earnings Tomorrow:

Be sure to know when your stocks are reporting. Here’s the full earnings calendar.

In Other News

Tesla competitor Renault gets “Junk” status.

Fed officials feel rates are likely to stay where they are.

Facebook sued by the IRS for $9 billion in unpaid taxes.

UBS to name ING’s Ralph Hamers as next CEO

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